Oireachtas Joint and Select Committees
Tuesday, 19 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
1:30 pm
Mr. Paul Stanley:
Yes, there will be some restructuring within the system. There will also be a natural rebalancing as the balance sheet grows because it is the ratio that is important. The balance sheets are growing as well which is helpful. There are also loans to be cleared that are in forbearance. They are working in forbearance but they need to prove themselves for two years.
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